Mercia Asset Management (GB:MERC) has released an update.
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Mercia Asset Management PLC has completed its £5.0 million Share Buyback Programme by purchasing 25,380 Ordinary shares at 33 pence each on the London Stock Exchange. Following the buyback, the company’s issued share capital consists of 431,095,729 Ordinary shares, with an additional 15,583,794 shares held in treasury. This strategic move aims to manage the company’s capital effectively and could potentially signal confidence in the firm’s intrinsic value.
For further insights into GB:MERC stock, check out TipRanks’ Stock Analysis page.
